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FTSE extends declines as Trump tariff salvo dents sentiment

Published 12/03/2019, 04:33 PM
Updated 12/03/2019, 04:40 PM
FTSE extends declines as Trump tariff salvo dents sentiment
UK100
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BP
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SHEL
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FTMC
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FTNMX551030
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CEY
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EDV
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* FTSE 100 down 0.2%, FTSE 250 flat
* Trump tariffs on Brazil, Argentina keep markets on edge
* Centamin climbs higher on buyout proposal

Dec 3 (Reuters) - London's main index slipped for the fourth
straight session on Tuesday as U.S. President Donald Trump's
decision to restore tariffs on Brazil and Argentina dented
sentiment, while miner Centamin CEY.L hit a two-month high
after a buyout proposal.
The FTSE 100 .FTSE was down 0.2%, as of 0805 GMT, as
Washington's tariffs on steel and aluminium imports from key
Latin American trading partners also overshadowed encouraging
data from China and euro zone economies.
Trump's tariff threat dragged shares of blue-chip oil majors
Shell RDSa.L and BP BP.L lower, while miners .FTNMX1770
dropped 1.5%.
The FTSE 250 .FTMC was roughly flat, though Centamin stood
out with an increase of 7% after Canada's Endeavour Mining
EDV.TO disclosed a 1.47 billion pound ($1.89 billion) proposal
for the British firm. ($1 = 0.7794 pounds)


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